Robinhood's Twitter Hacked: Scammers Steal $8,200

Hello,

In today’s dispatch we have:

• Robinhood's Twitter Hacked

• Nike's SWOOSH to Reward Creators for Virtual Sneaker Designs

• Visa Envisions a Future of CBDC

The crypto Twitter hackers are at it again! This time targeted the 1.6 million followers of the trading platform Robinhood's socials.

On the Twitter account of Robinhood, the hackers announced a new token, $RBH, and said it was available on the Binance Smart Chain for $0.0005.

They also took over Robinhood's other social media accounts for added fun.

Coinbase said that a few people fell for the scam and bought around $1000 worth of the token. The internet sleuth ZackXBT sniffed out that the wallet used in the scam was on Binance. Binance CEO, Changpeng "CZ" Zhao has locked the account and is looking into the matter further.

Here's how they pulled it off:

• Binance hot wallet sent scammer BNB worth $1,000.

• Scammers conducted test transactions to create BEP-20 tokens and add liquidity to PancakeSwap pools.

• Triggered a transaction that minted 100 million RBH tokens into its address.

• Added the 100 million RBH tokens and 3.1 wrapped BNB tokens as liquidity into PancakeSwap liquidity pool.

• Promoted scam token on Robinhood's social media accounts, increasing volume sales in the liquidity pool.

• The scammers were able to make off with around 26.95 BNB tokens, around $8,200.

Robinhood is on the case, too, and so far, they think that the source was a third-party vendor.

Crypto Twitter hacks:

Scammers are always looking for new and exciting ways to sneak into your digital wallet! Twitter is wary of these scams, and they are using high-profile figures to trick users and steal their hard-earned crypto. 

A famous one: In July 2020, 18-year-old Florida-based hacker Graham Ivan Clark took control of the Twitter accounts of some big shots like Elon Musk, Bill Gates, Barack Obama, and Apple in a Bitcoin scam. The scheme raked in around $117,000 in Bitcoin before it was shut down.

A recent one: In December 2022, a hacker took control of UK Education Secretary Gillian Keegan's Twitter account and replaced her avatar with the same one used by Elon Musk. The hacker also posted memes promoting Dogecoin.

A Strange one: In December 2021, Indian Prime Minister Narendra Modi's Twitter account was hacked, with a message claiming that India had embraced bitcoin as a legal tender and would distribute it to all citizens. 

Another one: In July 2022, Twitter scammers compromised the account of NFT influencer Zeneca to share a link to a fake airdrop of the Zen Academy Founders Pass.

Design Your Dream Sneaker and Earn Rewards with Nike's SWOOSH Platform

Nike's new Web3 platform, SWOOSH, is about to give sneakerheads and designers a whole new level of excitement. Not only will users be able to create and share their own virtual sneaker designs, but they'll also be able to earn rewards for them!

Gone are the days of just admiring other people's custom kicks online. Now, with SWOOSH, you can flex your own design skills and potentially earn some real-world rewards. Nike's decision to embrace blockchain technology and smart contracts allows for creating unique, one-of-a-kind virtual sneakers that can be bought, sold, and traded.

And that's not all, SWOOSH community members are invited to participate in a contest called #YourForce1 that challenges users to build a visual storyboard on Instagram showcasing their footwear design. If chosen, four winners will earn $5,000 each and receive an opportunity to work directly with Nike designers to create their one-of-one digital sneakers.

SWOOSH also creates a community of creators where users can showcase their designs, get feedback, and collaborate with other designers. It's a virtual sneaker design playground, and we can't wait to see what kind of kicks the community will come up with.

Visa Envisions a Future of Central Bank Digital Currencies, Tests Platform to Support Them

Visa is giving us a glimpse into the future of digital currencies. The global payments giant is envisioning a world where central bank digital currencies (CBDCs) play a major role in how we conduct transactions. And they're not just talking about it - they're actively working to make it a reality. Visa and ConsenSys are joining forces to bridge the gap between (CBDCs) and existing payment rail.

Think of it like this: CBDCs are like the new superhero in town, all-powerful and full of potential. But, like any good superhero, they need a trusty sidekick to help them navigate the real world. That's where Visa and ConsenSys come in. They're the Robin to CBDCs' Batman, the Watson to CBDCs' Holmes, the...well, you get the idea.

Visa has announced that it is testing a platform that will support CBDCs. This means that they are working on the way to make it possible for people to use digital currencies issued by central banks, just like they would use traditional fiat currencies.

The company's new platform will allow for real-time settlement of transactions using CBDCs, making it possible for individuals and businesses to use these digital currencies in their daily lives. This is a significant step towards the mainstream adoption of CBDCs, which have the potential to revolutionize the way we think about money.